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Difference between 26AS and Interest certificate

12 September 2018

Interest in 26AS is Rs. 100000 and tax Rs. 10000. But as per Interest certificate the amount of Interest credited is Rs. 120000 Interest accrued 20000 and tax Rs 14000
How to treat thr difference in books for audit

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2 Replies

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 12 September 2018

There might be interest from Savings account as usually on 26AS interest on savings account is not reflected.
You need to verify properly with account numbers.

Rohit Tibrewal (Student) (3193 Points)
Replied 12 September 2018

Please consult with Bank from which you have received the interest Certificate, please tally 26AS with that interest certificate and find which amount is not available.